DGAP-News: paragon GmbH & Co. KGaA / Key word(s): Bond
24.10.2018 / 12:05
The issuer is solely responsible for the content of this announcement.
paragon holds off on placing Corporate Bond
- Difficult market environment prompts general buying restraint
- Financing of paragon investment activities guaranteed
Delbrück, Germany, October 24, 2018 - Considering the currently very difficult and volatile market environment, the management of paragon GmbH & Co. KGaA has decided to hold off on placing a new corporate bond for now and to cancel the public offer that was initiated on October 23, 2018. Although paragon's positive business development was met with much interest at the most recent roadshow, the general buying restraint of investors on the capital market dominates right now.
The financing of paragon's investment activities is anyway guaranteed by its available liquidity and house banks.
About paragon GmbH & Co. KGaA
paragon GmbH & Co. KGaA (ISIN DE0005558696), which is listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange, develops, produces and distributes forward-looking solutions in the field of automotive electronics, body kinematics and e-mobility. As a market-leading direct supplier to the automotive industry, the company's portfolio includes the Electronics operating segment's innovative air-quality management, state-of-the-art display systems and connectivity solutions, and high-end acoustic systems. In the Mechanics operating segment, paragon develops and produces active mobile aerodynamic systems. With Voltabox AG (ISIN DE000A2E4LE9), a subsidiary that is also listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, the Group is also active in the rapidly growing Electromobility operating segment with its cutting-edge lithium-ion battery systems developed in-house.
In addition to the company headquarters in Delbrück (North Rhine-Westphalia, Germany), paragon GmbH & Co. KGaA and its subsidiaries operate sites in Korntal-Münchingen and St. Georgen (Baden-Württemberg, Germany), Landsberg am Lech and Nuremberg (Bavaria, Germany), Aachen (North Rhine-Westphalia, Germany), in Bexbach and Saarbrücken (Saarland, Germany), in Suhl (Thuringia, Germany) as well as in Kunshan (China) and Austin, Texas (USA).
Financial Press & Investor Relations Contact paragon GmbH & Co. KGaA
Dr. Kai Holtmann
Artegastrasse 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 97 62-140
Fax: +49 (0) 52 50 - 97 62-63
Email: investor@paragon.ag
24.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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